Brighton Jones LLC Sells 989 Shares of Fiserv, Inc. (NYSE:FI)

Brighton Jones LLC lessened its position in shares of Fiserv, Inc. (NYSE:FI) by 30.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,212 shares of the business services provider’s stock after selling 989 shares during the quarter. Brighton Jones LLC’s holdings in Fiserv were worth $397,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Wellington Shields & Co. LLC bought a new stake in Fiserv in the 1st quarter valued at $25,000. Family Firm Inc. acquired a new position in Fiserv in the second quarter worth about $31,000. Clean Yield Group lifted its stake in Fiserv by 431.3% during the third quarter. Clean Yield Group now owns 170 shares of the business services provider’s stock worth $31,000 after purchasing an additional 138 shares during the period. ZRC Wealth Management LLC acquired a new stake in Fiserv during the first quarter valued at approximately $32,000. Finally, Cedar Mountain Advisors LLC grew its stake in shares of Fiserv by 42.5% in the 3rd quarter. Cedar Mountain Advisors LLC now owns 191 shares of the business services provider’s stock valued at $34,000 after purchasing an additional 57 shares during the period. 90.98% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts recently commented on the company. Stephens boosted their price target on Fiserv from $170.00 to $200.00 and gave the company an “equal weight” rating in a research note on Friday, October 18th. Barclays boosted their target price on shares of Fiserv from $185.00 to $215.00 and gave the company an “overweight” rating in a research note on Thursday, October 10th. Wells Fargo & Company increased their target price on shares of Fiserv from $215.00 to $220.00 and gave the stock an “overweight” rating in a research report on Wednesday. KeyCorp boosted their price target on shares of Fiserv from $180.00 to $225.00 and gave the company an “overweight” rating in a research report on Wednesday. Finally, BMO Capital Markets raised their price objective on shares of Fiserv from $175.00 to $191.00 and gave the stock an “outperform” rating in a report on Wednesday, October 2nd. Four investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $204.38.

Fiserv Stock Down 1.9 %

Shares of NYSE:FI opened at $199.52 on Friday. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.06 and a quick ratio of 1.06. The stock has a market cap of $116.74 billion, a price-to-earnings ratio of 37.29, a P/E/G ratio of 1.44 and a beta of 0.93. The company has a 50 day moving average of $180.04 and a 200-day moving average of $162.37. Fiserv, Inc. has a one year low of $111.53 and a one year high of $204.50.

Fiserv (NYSE:FI) last released its earnings results on Tuesday, October 22nd. The business services provider reported $2.30 EPS for the quarter, topping analysts’ consensus estimates of $2.26 by $0.04. The firm had revenue of $5.22 billion during the quarter, compared to analyst estimates of $4.90 billion. Fiserv had a net margin of 17.45% and a return on equity of 16.41%. The business’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.96 EPS. On average, sell-side analysts forecast that Fiserv, Inc. will post 8.74 earnings per share for the current year.

Insider Activity at Fiserv

In other news, CEO Frank Bisignano sold 145,000 shares of the business’s stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $177.37, for a total transaction of $25,718,650.00. Following the completion of the transaction, the chief executive officer now directly owns 2,965,084 shares in the company, valued at approximately $525,916,949.08. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CEO Frank Bisignano sold 145,000 shares of Fiserv stock in a transaction on Friday, September 20th. The shares were sold at an average price of $177.37, for a total transaction of $25,718,650.00. Following the transaction, the chief executive officer now directly owns 2,965,084 shares of the company’s stock, valued at $525,916,949.08. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Doyle Simons sold 40,000 shares of the business’s stock in a transaction on Wednesday, October 23rd. The shares were sold at an average price of $201.97, for a total transaction of $8,078,800.00. Following the completion of the transaction, the director now directly owns 76,180 shares of the company’s stock, valued at $15,386,074.60. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 227,890 shares of company stock worth $40,934,217. 0.75% of the stock is owned by insiders.

About Fiserv

Fiserv, Inc, together with its subsidiaries, provides payments and financial services technology services in the United States, Europe, the Middle East and Africa, Latin America, the Asia-Pacific, and internationally. It operates through Merchant Acceptance, Financial Technology, and Payments and Network segments.